Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income

v2.4.0.8
Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue:    
Subscriber revenue $ 851,436 $ 783,342
Advertising revenue 22,214 20,211
Equipment revenue 23,978 18,156
Other revenue 100,083 75,689
Total revenue 997,711 897,398
Cost of services:    
Revenue share and royalties 195,411 148,531
Programming and content 74,870 74,610
Customer service and billing 91,069 80,394
Satellite and transmission 21,380 19,695
Cost of equipment 7,804 7,027
Subscriber acquisition costs 123,022 116,111
Sales and marketing 76,327 65,899
Engineering, design and development 15,911 14,842
General and administrative 76,243 56,340
Depreciation and amortization 68,267 67,018
Total operating expenses 750,304 650,467
Income from operations 247,407 246,931
Other income (expense):    
Interest expense, net of amounts capitalized (54,092) (46,174)
Interest and investment income 4,349 1,638
Loss on change in value of derivatives (27,023) 0
Other income 95 247
Total other income (expense) (76,671) (44,289)
Income before income taxes 170,736 202,642
Income tax expense (76,748) (79,040)
Net income 93,988 123,602
Foreign currency translation adjustment, net of tax 118 (172)
Total comprehensive income (loss) 94,106 123,430
Net income per common share:    
Basic (in dollars per share) $ 0.02 $ 0.02
Diluted (in dollars per share) $ 0.02 $ 0.02
Weighted average common shares outstanding:    
Basic (in shares) 6,094,784 6,259,803
Diluted (in shares) 6,173,848 6,606,276
Sirius XM Radio Inc.
    
Revenue:    
Subscriber revenue 851,436 783,342
Advertising revenue 22,214 20,211
Equipment revenue 23,978 18,156
Other revenue 100,083 75,689
Total revenue 997,711 897,398
Cost of services:    
Revenue share and royalties 195,411 148,531
Programming and content 74,870 74,610
Customer service and billing 91,069 80,394
Satellite and transmission 21,380 19,695
Cost of equipment 7,804 7,027
Subscriber acquisition costs 123,022 116,111
Sales and marketing 76,327 65,899
Engineering, design and development 15,911 14,842
General and administrative 76,243 56,340
Depreciation and amortization 68,267 67,018
Total operating expenses 750,304 650,467
Income from operations 247,407 246,931
Other income (expense):    
Interest expense, net of amounts capitalized (54,092) (46,174)
Interest and investment income 4,349 1,638
Gain on change in fair value of debt instruments 89,110 0
Other income 95 247
Total other income (expense) 39,462 (44,289)
Income before income taxes 286,869 202,642
Income tax expense (76,748) (79,040)
Net income 210,121 123,602
Foreign currency translation adjustment, net of tax 118 (172)
Total comprehensive income (loss) $ 210,239 $ 123,430